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Discussion

A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

  • A.Rs.2205
  • B.Rs.2200
  • C.Rs.2160
  • D.Rs.2040

Answer: A

A = 2000(21/20)⊃2; = 2205

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